Miscellaneous

Janet Yellen, Fed Chair at the G30 summit US growing moderately “Economic activity in the United States has been growing moderately so far this year, and the labor market has continued to strengthen… Hurricanes to have modest long-term effect “While … Continued

Richard Thaler, Nobel Prize in Economics Winner on Bloomberg. (Here and here) “We all need a lot of humility, and especially about the economy…Surely it can’t be based on the certitude that there will be a massive tax cut, given … Continued

Bill Gross – Janus Capital on Bloomberg and CNBC A recession would be good. “Recession would do the economy some good like a forest with dead wood. You clear out some of the dead wood and you prevent a forest … Continued

Mario Draghi, President of the ECB Strengthening economic expanision in the EU has not boosted inflation “The incoming information confirms a continued strengthening of the economic expansion in the euro area, which has been broadening across sectors and regions…While the … Continued

JPMorgan Chase & Co. Chairman Jamie Dimon in Paris We face risks in the unwinding “‘We’ve never had QE like this before, we’ve never had unwinding like this before. Obviously that should say something to you about the risk that … Continued

Jeffrey Gundlach, CEO and CIO of DoubleLine from CNBC The days of low volatility are numbered “We’re on increasing watch for volatility….there is a massive amount of money that is being short VIX. It’s a trade that’s made a lot of … Continued

BlackRock Inc. CEO Larry Fink on Bloomberg Expects a disappointing Q2 “Europe will grow as fast as the U.S. if not faster this year, which is a big surprise…I’d say the second quarter is going to be disappointing in terms of … Continued

Treasury Secretary Steven Mnuchin at a Senate Banking Committee hearing “We do not support a separation of banks and investment banks…We never said before that we supported a full separation….I can assure you the president’s objective and my objective is we create … Continued